QVC Group (NASDAQ:QVCGA) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• QVC Group Inc. shares crossed above their 200-day moving average during trading, reaching a high of $14.85 before settling at $14.66.
• Analysts from Weiss Ratings have reaffirmed a "sell" rating on the stock, with a general consensus among researchers leaning towards "Sell."
• The company reported $2.24 billion in revenue and an earnings per share of $21.39 for the last quarter, reflecting significant financial activity.

Shares of QVC Group Inc. (NASDAQ:QVCGA - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.29 and traded as high as $14.85. QVC Group shares last traded at $14.66, with a volume of 84,502 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of QVC Group in a report on Wednesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of "Sell".

QVC Group Price Performance

The firm has a 50-day simple moving average of $8.90 and a two-hundred day simple moving average of $7.29. The company has a market cap of $118.31 million, a PE ratio of -0.03 and a beta of 3.03.

QVC Group (NASDAQ:QVCGA - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $21.39 earnings per share for the quarter. The company had revenue of $2.24 billion for the quarter.

Institutional Investors Weigh In On QVC Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bridgeway Capital Management LLC purchased a new stake in shares of QVC Group in the second quarter valued at $30,000. XTX Topco Ltd purchased a new stake in shares of QVC Group in the second quarter valued at $32,000. Simplify Asset Management Inc. purchased a new stake in QVC Group during the second quarter valued at about $33,000. Qube Research & Technologies Ltd purchased a new stake in QVC Group during the second quarter valued at about $37,000. Finally, Invesco Ltd. purchased a new stake in QVC Group during the second quarter valued at about $47,000. Hedge funds and other institutional investors own 64.10% of the company's stock.

QVC Group Company Profile

QVC Group, Inc engages in the business of video and online commerce industries. It operates through the following segments: QxH, QVC International and CBI. The QxH segment markets and sells a wide variety of consumer products in the U.S., primarily by means of its televised shopping programs and via the Internet through their websites and mobile applications.

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